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Dec 30, 2012
12/12
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those $700 billion, this wonderful savings went into obama care. the idea that you save money in medicare, it was saved as part of a big spending program. >> we cut overpayments to insurance companies. >> again, here in washington people say cut while things grow. >> slowing the growth? >> yes. it's sort of like satisfiesing you have a freeze, but it's water and when water freezes it expands. we've grown 100% in 12 years. the government. the government is sig bbigger, unless we do something it will get bigger and the deficit will get bigger even if we raise taxes on everybody. we still have a huge deficit. if we do not take on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all sa
those $700 billion, this wonderful savings went into obama care. the idea that you save money in medicare, it was saved as part of a big spending program. >> we cut overpayments to insurance companies. >> again, here in washington people say cut while things grow. >> slowing the growth? >> yes. it's sort of like satisfiesing you have a freeze, but it's water and when water freezes it expands. we've grown 100% in 12 years. the government. the government is sig bbigger,...
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Dec 31, 2012
12/12
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nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporting. >> the midnight deadline is 9:00 our time. if the deadline passes there could still be wiggle room if the president and lawmakers appear to be working towards an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, they could be repealed retroactively once a deal is reached. and you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> there is some hope. congressional leaders showed yesterday they are able to compromise at least on a few things. top republicans and democrats announced they reached a deal to extend the 2008 farm bill for at least one m
nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew...
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Dec 29, 2012
12/12
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well we need to reduce spending, we can do it in a much smarter, more targeted way. going over the so-called fiscal cliff will lead to devastating job losses, at a time when american families and small business owners are still struggling to get back on their feet. in contrast, the nonpartisan congressional budget office estimates extending tax rates afro-americans would create nearly 1.8 million jobs and increase the nation -- rates for americans would create nearly 1.8 million jobs. congress's action to make the first tax bracket and% instead of 50% -- the child tax credit -- 10% instead of a 15% raised the child tax credit. there is still time to act. both president obama and senator harry reid claim that an achievable plan is one that can pass both houses of congress. republicans agree. the republican controlled house has taken a step in the right direction. the house has already passed bills to protect all americans from burdensome tax increases. in addition, the pass legislation to replace a damaging, across-the-board spending cuts with responsible, targeted on
well we need to reduce spending, we can do it in a much smarter, more targeted way. going over the so-called fiscal cliff will lead to devastating job losses, at a time when american families and small business owners are still struggling to get back on their feet. in contrast, the nonpartisan congressional budget office estimates extending tax rates afro-americans would create nearly 1.8 million jobs and increase the nation -- rates for americans would create nearly 1.8 million jobs....
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Jan 2, 2013
01/13
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all the spending in afghanistan, a rack, and iran, and nothing was said there. then the democrats had the congress, that everything in obama's first term and had no back on. they just went ahead and let the republicans push them around. they forgot to put them there, as far as the unions, the middle-class. they are not protecting these unions and passing legislation to help them. what is happening is, now you've got what just happened in michigan, right to work. this is not about right to work, it is about busting unions. everyone of those red states have a republican governor who have been pushing this issue and is getting to the point where i think the only thing that will stop all this bickering between parties is term limits. if a president can only serve two terms, then a congressman, senator, can only serve the same amount of terms, and then we will not have this power struggle as far as the republicans against the democrats, because they better do their job because they have a limited amount of time, or they are out. >> mike o'brien of nbc has this week.
all the spending in afghanistan, a rack, and iran, and nothing was said there. then the democrats had the congress, that everything in obama's first term and had no back on. they just went ahead and let the republicans push them around. they forgot to put them there, as far as the unions, the middle-class. they are not protecting these unions and passing legislation to help them. what is happening is, now you've got what just happened in michigan, right to work. this is not about right to work,...
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Dec 29, 2012
12/12
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the obama administration has some ability to blunt the effect of those cuts, but there are lot of people in the republican party especially for upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. and the democratic side, the estate tax could be a problem. republicans are insisting that the estate tax stay at current .evels, which is exemp many democrats would like to see -- in january, it is scheduled to go up automaticalldramatically. most democrats want to see something in the middle. they are adamant that we cannot exempt states as large as $5 million. >> lori montgomery, do we expect anything going on today, and if not, when is the earliest the senators will come back and recession tomorrow? >> the senate is due back in at 1:00. the house is due in at 6:30. the house is the big question mark here. as for today, it is an excellent question. the senate is not in. the house is not in. my understanding is we're going to have basically everyone working quietly to see if we can reach an agreement co. i will b
the obama administration has some ability to blunt the effect of those cuts, but there are lot of people in the republican party especially for upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. and the democratic side, the estate tax could be a problem. republicans are insisting that the estate tax stay at current .evels, which is exemp many democrats would like to see -- in january, it is scheduled to go up...
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Dec 29, 2012
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it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved in the matter of few enough days that they
it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should...
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Dec 31, 2012
12/12
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KRON
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he is the center in chief. >> president obama says i offered over a trillion dollars and additional spending cuts. so we would have to dollars of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pockets. >> secretary of state hillary clinton is in the hospital with a blood clot. doctors say this is a medical problem related to a concussion suffered. the blood clot was found yesterday during a follow-up visit for her concussion. at this is video of new york presbyterian hospital where she is staying right now. 65 you're a clinton severed a concussion several weeks ago after fainting while recovering from a stomach virus. she was supposed to return to work this week. rain in the new year around the world already we showed you new zealand and sydney australia. here is at the be right now from beijing china, it just turned midnight there. they are ringing in the new year halfway around the world. we will continue bringing the year's celebrat
he is the center in chief. >> president obama says i offered over a trillion dollars and additional spending cuts. so we would have to dollars of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pockets. >> secretary of state hillary clinton is in the hospital with a blood clot. doctors say this is a medical problem...
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Jan 1, 2013
01/13
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in the first term he had to pretend he cared about spending and debt. in fact, when he sold obama care, if you remember the first speech, he said this is a way to deal with our debt. the main driver of debt is healthcare costs and what i'm going to do is going to cure the problem. that's how he sold it i don't think he believed it then. i'm not sure he believes it now. >> just such a good segway because you don't even know that i have these things in my back pocket. [ laughter ] and because i didn't brief you before. >> this is like abbot and costello. >> bret: it really is. we'll end 2012. >> he have been doing the gig for so long don't have to communicate. >> bret: listen to the president talk about entitlements and when he talking to republicans. >> the major driver of our long-term liabilities, everybody here knows is medicare and medicaid and our healthcare spending. nothing comes close. social security we could probably fix the same way tipp o'neal and ronald reagan sat down together and they could figure something out, that is manageable. medicar
in the first term he had to pretend he cared about spending and debt. in fact, when he sold obama care, if you remember the first speech, he said this is a way to deal with our debt. the main driver of debt is healthcare costs and what i'm going to do is going to cure the problem. that's how he sold it i don't think he believed it then. i'm not sure he believes it now. >> just such a good segway because you don't even know that i have these things in my back pocket. [ laughter ] and...
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Dec 26, 2012
12/12
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. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could
. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington,...
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Dec 28, 2012
12/12
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economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with higher taxes. >> i don't know if there's a word to describe how upset the public is going to be. nobody's going to be happy to s
economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago....
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Dec 29, 2012
12/12
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that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again.
that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president...
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Dec 30, 2012
12/12
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spending. >> we can't ford a politically self-inflict wound to the economy. if they don't pan out, he is ready to plomyself -- propose his own tax bill. patience is wearing thin. >> for those of us investing in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute northbounds is talks about the $1.2 trillion mandatory spending cuts scheduled to go into affect tuesday. tara mergener for cbs news, washington. >>> three people are dead after a late-night apartment fire in san jose. the fire began after 11 last night on bridgeport court on the city's west side. the san jose fire department put out the blaze and then discovered the bodies of a man, woman, and child. >> they will upgrade the alarm and to have some personnel in place. we had multiple rescues in the middle of the night, no people are sleeping and we need to get our resources. >> three others, including the officer injured were hospitalized and the fire displaced 56 people from the building. investigators are still looking into the ca
spending. >> we can't ford a politically self-inflict wound to the economy. if they don't pan out, he is ready to plomyself -- propose his own tax bill. patience is wearing thin. >> for those of us investing in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute northbounds is talks about the $1.2 trillion mandatory spending cuts scheduled to go into affect tuesday. tara mergener for cbs news, washington....
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Dec 28, 2012
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CNBC
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obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though? there has to be some give to get something done? >> oh, absolutely. look, the republicans passed the ryan plan which saves $6 trillion over the next decade. reforms entitlements. reforms taxes. what we need is some spending restrai restraint. maybe we don't get all $6 trillion that the republicans were tough enough and strong enough and brave enough and courageous enough and serious enough to pass a budget. you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to l
obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though?...
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Dec 30, 2012
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do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class americans and in the end people decided to stick with the devil they knew rather than the one they didn't. >> so the republican defeat was big, but it wasn't overwhelming in the sense of a repute yags, in your view, of the republican platform or their agenda. >> no, and i think the reason -- look. this country did have the opportunity to once again hand controlled government to democrats. everyone in the house was up for re-election, and yet they continued to givene republicans the majority. they like divided government, and they have to look at the states who elected the very conservative governors who are doing the exact opposite of what barack obama is doing at the federal level. jay dan, there are real implications, co
do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class americans and in the end people decided to stick with the devil they knew rather than the one they didn't. >> so the republican defeat was...
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Dec 25, 2012
12/12
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. >>> president obama spending christmas in hawaii. the president going golfing for christmas eve. he's there with his family on vacation. the president greeting people at the golf course there and afterwards, the obamas went to plymouth rock beach on a marine corps base there. >> clayton: thanks. our nation has a long history of faith. but how does faith fit into politics. juan williams is here next with his analysis about it. >> rick: we told but this cop jumping into freezing water to save someone drowning. now the officer is getting the christmas gift of a lifetime. ♪ [ hudson ] we're human. we fall down. we gain weight. and we get back up. strength and determination are human too. so are dinner dates and birthday cake. introducing the new weight watchers 360 program. built for human nature so you can expect amazing. ♪ on top the world right now ♪ join for free and expect amazing. because it works. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive
. >>> president obama spending christmas in hawaii. the president going golfing for christmas eve. he's there with his family on vacation. the president greeting people at the golf course there and afterwards, the obamas went to plymouth rock beach on a marine corps base there. >> clayton: thanks. our nation has a long history of faith. but how does faith fit into politics. juan williams is here next with his analysis about it. >> rick: we told but this cop jumping into...
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Dec 31, 2012
12/12
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about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was hospitalized with a blood clot. >> doctors say the same medical problem related to a concussion she recently suffered. >> a blood clot was found yesterday doing a follow-up medical visit. you remember 65 year-old clinton suffered a concussion several weeks ago after fainting while recovering from a stomach virus. >> let us bring it over to erica regarding our forecast. we have a driver is it? >> in to wednesday it expects to be the cold side. if resorting to go into affect. in the wet weather chances have diminished. here is a live look outside is a game left lick freeway. in downtown san francisco is a clear and cold start to the
about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was...
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Dec 29, 2012
12/12
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so this is not just a president obama story. both when it comes to fundraising and to the strategic travel. president bush was spending so much time in ohio and florida and pennsylvania and there's alcs all sorts of coverage that this had to do the electoral college. and it's easier to say -- easy to say this is electorial related but i want to look at it systemically and those states that ended up being battleground states for a president's re-election campaign did tend to get more visits from the population alone would have predicted and the same is true for new hampshire and iowa. host: our first caller for brendan doherty comes from eric in seedertown, georgia, on our sign for democrats. caller: nothing was going on until the black man, president obama got to become president. mitt romney did not put any of his money into his campaign election. these are things -- these are rich millionaires and billionaires. they don't have to disclose how much money they are actually giving. so the electoral college was based on a certain
so this is not just a president obama story. both when it comes to fundraising and to the strategic travel. president bush was spending so much time in ohio and florida and pennsylvania and there's alcs all sorts of coverage that this had to do the electoral college. and it's easier to say -- easy to say this is electorial related but i want to look at it systemically and those states that ended up being battleground states for a president's re-election campaign did tend to get more visits from...
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Dec 28, 2012
12/12
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WUSA
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in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple the price but nobody's going to pay for it. >> shoppers couldn't understand why congress couldn't solve
in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere....
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Jan 1, 2013
01/13
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one way to get the government to spend less is to spend more to stimulate the economy. what obama was trying is serious stimulus to boost the economy. if you think of the federal government that is someone that has to balance its books, that is the obama approach and i think it is a good one. host: lesley from missouri. caller: i helped barack obama become elected. i notice the nation is not behind him. they are not making the money that people at the top are making. when the people at the top try to negotiate will happen for the people at the bottom, there will be a constant setback of growth. when you have politicians not taking care of business, you have more outgrowth then you have income. right now our country has more outgrowth then income. if you don't have that overhead, you end up losing what you have. host: george zornick. guest: a lot of people like to talk about world aid. you could look at the defense budget. many liberals have tried to do that. it appears the defense sequester will be avoided. it is kind of tricky. it is an across-the-board cut. you have t
one way to get the government to spend less is to spend more to stimulate the economy. what obama was trying is serious stimulus to boost the economy. if you think of the federal government that is someone that has to balance its books, that is the obama approach and i think it is a good one. host: lesley from missouri. caller: i helped barack obama become elected. i notice the nation is not behind him. they are not making the money that people at the top are making. when the people at the top...
WHUT (Howard University Television)
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Dec 28, 2012
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some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation o
some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a...
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Dec 28, 2012
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to craft a deal to avert looming tax hikes and spending cuts. with most of the hoist members on vacation until sunday night, no plan in sight. how much can actually be accomplished. susan fereccio joins us now. chief congressional correspondent for the "washington examiner". we're seeing dianne feinstein there on the senate floor. it is vacant on the house side. so in truth how much is really going to get done? >> well, gregg, a lot of this negotiations are really taking place between the leadership levels right now. we don't really have to worry about what is happening on the house floor. it's about what is going on at the white house. now, the president today is going to meet with congressional leaders from both parties, both chambers. they will sit down. they will talk about a potential deal. the president might offer something that maybe the republicans could go for. it wouldn't be a sweeping deal. gregg: like what? >> might be something smaller. well, it would be something that could potentially avoid the major tax hikes coming in january.
to craft a deal to avert looming tax hikes and spending cuts. with most of the hoist members on vacation until sunday night, no plan in sight. how much can actually be accomplished. susan fereccio joins us now. chief congressional correspondent for the "washington examiner". we're seeing dianne feinstein there on the senate floor. it is vacant on the house side. so in truth how much is really going to get done? >> well, gregg, a lot of this negotiations are really taking place...
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Dec 30, 2012
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if they can both come forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction down 200 billion. then with the surging economy, you get $3 trillion in february before the debt limit is broken, then the economy is so strong it can take the grand compromise and roar into the next nine years. that's the grand compromise. >> i heard you use that reference of the bunny slope. we are about to hit the bunny slope as opposed to the fiscal cliff. this is from an article in the washington post. if an agreement is reached, taxes would go up a bit for the wealthy. there would be no changes to entitlement programs, medicare, social security, no grand strategy to race cash through a tax
if they can both come forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction...
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Dec 30, 2012
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obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he is ready to propose his own scaled down bill that would block tax increases on all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us that invest in the stock market it's disgusting to watch them jockey around with our money, because it gets affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion in mandatory spending cuts scheduled to go into effect on tuesday. the u.s. will also hit its borrowing limit on monday make it difficult for the government to pay its bills. >>> meanwhile, an elderly woman is cammed fast moving fire that left two others hurt. tonight fire investigators say the woman may have gone back in the burning town house to warn the others. the fire swept through this town house on laure
obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he is ready to propose his own scaled down bill that would block tax increases on all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us that...
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Dec 30, 2012
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at that point does this obama victory perhaps look a little different? >> well, i mean, i think the question is, are they really going to want to do what they did last time with the debt ceiling, which ultimately caused us to have a downgrade of our economy. do they want to do that again? i think it is a bit of bluffing. i don't think they really want to do that. in terms of the president winning, he has won, though he will catch a lot of grief as byron alluded to from the left for, if he goes up to 400,000, for example, they think he should stick at 250 and don't want any kind of social security cuts and that is on the table apparently in the the new deal, so in that sense he'll catch flak. but, overall, yes, he'll get what he wanted in terms of taxes, and has given up very little in terms of cuts and, look he didn't run on cutting the government, really. he ran on raising taxes, and, so republicans keep saying, well, there is no cuts, no cuts and the president never really said that much about cuts -- >> you do understand it isn't really going to do an
at that point does this obama victory perhaps look a little different? >> well, i mean, i think the question is, are they really going to want to do what they did last time with the debt ceiling, which ultimately caused us to have a downgrade of our economy. do they want to do that again? i think it is a bit of bluffing. i don't think they really want to do that. in terms of the president winning, he has won, though he will catch a lot of grief as byron alluded to from the left for, if he...
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Dec 27, 2012
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barack obama ran also on that. he said he would restore fiscal responsibility and do something about the spending. this is a guy who was giving us trillion dollar deficits, both sides are being decided, and start talking about this. stuart: what is the media doing? >> typically cobbling barack obama. this guy is filing his nails while the republicans twist themselves into knots. the media are giving obama a complete pass on this one and not holding his feet to the fire on anything and keeping the gun fire on the republicans at all times. the media have been just about as silent as anyone else. all the media accept for stuart varney. stuart: flattery is the fondest milk in television. i have a prediction from you. i personally think there will be some kind of awful last-minute deal, tax the rich, don't cut spending, ignore the debt. i think that will happen. what is your prediction? >> i will put my kids and your prediction. republicans will take another step, go back another five to ten yards on the football field
barack obama ran also on that. he said he would restore fiscal responsibility and do something about the spending. this is a guy who was giving us trillion dollar deficits, both sides are being decided, and start talking about this. stuart: what is the media doing? >> typically cobbling barack obama. this guy is filing his nails while the republicans twist themselves into knots. the media are giving obama a complete pass on this one and not holding his feet to the fire on anything and...
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Dec 27, 2012
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obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept him out of the budget -- them out of the budget. was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. was theush's, at surpluses are for spending. -- comment was the surpluses are for spending. the put us in massive debt, left it on obama. -- he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increased dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. theses why we're
obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept him out of the budget -- them out of the budget. was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. was theush's, at surpluses are for spending. -- comment was the surpluses are for spending. the put us...
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Dec 28, 2012
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so in every category since obama won the election he has moved further toward boehner thafrn boehner tarred him. yet it's boehner who walked away from the talks with his plan b, who failed to pass it and said it's the senate's problem now. democrats won more votes at presidential level, senate level and house level. boehner is speaker today because of the way the districts are drawn. but his arguments did not win. and yet he's not really moved. i don't think you can look at the last three years and sate white house has not tried to come together with republicans. i also don't think you can look at the last three years and say the republicans have tried to come together with the white house. and so here is what is supposed to happen. the american people who overwhelmingly say they want compromise, who say they want a plan similar to what the house is offering, a plan that raises taxes on the rich and cuts spending, they're supposed to punish the republicans for not compromising. and arguably they did that this year. democrats won the election. but what's weird is at the elite level an
so in every category since obama won the election he has moved further toward boehner thafrn boehner tarred him. yet it's boehner who walked away from the talks with his plan b, who failed to pass it and said it's the senate's problem now. democrats won more votes at presidential level, senate level and house level. boehner is speaker today because of the way the districts are drawn. but his arguments did not win. and yet he's not really moved. i don't think you can look at the last three years...
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Dec 31, 2012
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you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jersey and new york they want more spending. you know, people -- if you ask them they want government pending they say no. do you want to cut medicare? no, not that. how about firefighters? people boast of cutting government. when was the last time you heard them cut fire department or cut down on snow removal? in fact the republicans tend to be opposed to spending in general. when it comes to particular spending, remember paul ryan acknowledging he was seeking to get the stimulus money that he was denouncing. but in any case, it's not the democratic position we should put all of the increased revenue into spending. by the way, i believe much of government spending is very important. there are things that we need for the quality of our life. good transporta
you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jersey and new york they want more spending. you know, people -- if you ask them they want government pending they say no. do you want to cut medicare? no, not...
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addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> just to clarify, the mid into the deadline is 9:00 our time. if the deadline comes and goes, there could still be some wiggle room if the president and lawmakers appear to be working toward an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, then could be repealed retroactively once the deal is reached. you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> congressional leaders did show yesterday they are able to compromise. top republicans and democra
addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had...
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. $1.2 trillion in federal spending cuts kick in. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when senate gets back network. where are they divided inspecifically divided at what salary taxes should increase but there was progress in terms of tax increases for the wealthiest of americans, also avoiding the inheritance tax increases and democrats say that they are grateful republicans have given up a demand for cuts to social security at least for now. now this pr
. $1.2 trillion in federal spending cuts kick in. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those...
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now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle-class fami
now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began...
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. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. you know? i mean, citizens united is a horrible thing people can spend and waste this amount of money on elections? think of the people that could benefit from that money. >> there have been two elections since i have been in america. two elections where one party has had far more financial firepower. one was with meg whitman and one was with romney. the most money lost. >> isn't that great? >> what does that tell you? >> the people are getting smarter. they're going, i don't like this amount of money spent on this election. there should be a given -- campaign finance reform is very important. i hope somebody does something about it. you should have a given amount, equal amount, equal air time. that's it. you know? that idea of corporations being people, no, no. this is a country of, by and for the people. not of, by and for the corporation. you know? it's like because i'm
. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. you know? i mean, citizens united is a horrible thing people can spend and waste this amount of money on elections? think of the people that could benefit from that money. >> there have been two elections since i have been in america. two elections where one party has had far more financial firepower. one...
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it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes. fact number six, the senate, with the president's approval, has refused to take up this bill. and fact number seven, we've done our job in the house. it's time for the senate to do their job before the clock strikes midnight. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new york rise? >> to address the house for one minute. the speaker pro tempore: without objection. mr. higgins: mr. speaker, at midnight tonight the budget control act of 2011 and sequestration will trigger spending cuts of $1.2 trillion over 10 years, including $109 billion in 2013. the $8.24 b
it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes. fact number six, the senate, with the president's approval, has refused to take up this bill. and fact...
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caller: i do not understand why president obama was doing at that rally. he needs to get in his car and go on down to the capital and try to figure out this mess. he himself and the democrats and republicans all equally created it. he is a democrat and he needs to take the leadership role and he has not done that. he does most to be the cheerleader and the champion. i am tired of the democrats'. host: ok, we will go to fort lauderdale, fla.. caller: i am very disappointed that the president has failed to be, has chosen to create an environment of blame, which is not good for anyone. we did not really have this class warfare before. there is all this talk, but nothing about the real issue which is the debt. i am more worried about the future generations, bankrupting the future generations. and by not dealing with entitlements, what are we going to do? and he always talks about how entitlements -- the cuts will not really be entitlement cuts for 10 years. there's a lot of scare factor here. there's a lot of misinformation caller:. -- there's a lot of misinfo
caller: i do not understand why president obama was doing at that rally. he needs to get in his car and go on down to the capital and try to figure out this mess. he himself and the democrats and republicans all equally created it. he is a democrat and he needs to take the leadership role and he has not done that. he does most to be the cheerleader and the champion. i am tired of the democrats'. host: ok, we will go to fort lauderdale, fla.. caller: i am very disappointed that the president has...
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. >> president obama drawing strong criticism about the wars in iraq and afghanistan and he said hagel is the wrong man for the job. ♪ ♪ >> clayton: welcome back. lawmakers have eight days left when a series of spending hikes and tax cuts come n you will see a slash of spending of 500 billion dollars over the next 10 years and nine percent in speppeding alone. joining us is ceo of concerned veterans for america and u.s. army veteran himself. pete, nice to see you and merry christmas to you. >> thank you for having me. >> clayton: defense cuts set to take place in the end of the year . president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it. you agree and say t
. >> president obama drawing strong criticism about the wars in iraq and afghanistan and he said hagel is the wrong man for the job. ♪ ♪ >> clayton: welcome back. lawmakers have eight days left when a series of spending hikes and tax cuts come n you will see a slash of spending of 500 billion dollars over the next 10 years and nine percent in speppeding alone. joining us is ceo of concerned veterans for america and u.s. army veteran himself. pete, nice to see you and merry...
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Dec 29, 2012
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president obama is he close to the same number they are about $300 billion apart. they are 1 hers apart from this whole deal. the problem is they are not putting spending cuts on the table. what they're doing is putting proposed possible cuts but the stimulus spending they are putting on the table also offsets that tax increase that he wants. still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting fuzzy math going on but there is not any serious entitlement reform. we can't just wait and talk about that in january. needs to be included in any package before we go forward. >> you know, juan, the point she is making when we talk about spending cuts. basically a guy pulling the olives off a meat lover's pizza and saying he is on a diet. something so incidental and ignoring this huge huge problem this black hole that is spending. it's true. we are going nowhere. >> no, i disagree. you know what? >> you like picking the olives off. that's you and spending cuts. >> not only tha
president obama is he close to the same number they are about $300 billion apart. they are 1 hers apart from this whole deal. the problem is they are not putting spending cuts on the table. what they're doing is putting proposed possible cuts but the stimulus spending they are putting on the table also offsets that tax increase that he wants. still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting...
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[laughter] >> you spend lot of time following the stuff. >> only president obama who had a father -- it was an extraordinary openness actually. >> you know, i think we talk about it a lot. you know, i liked it when i was a kid. you didn't talk about it a lot. you lived your life. that to me -- we talk a lot about this person is that, this person is this. and then we pretended -- we i liked it when people didn't care. you -- i was catholic. you talk about a minority within a minority, within a minority. i was a black catholic in savannah, georgia. [laughter] now that is a what is an insular . >> discreet. >> insular minority. so but nobody bothered us. i was the only black kid in my seminary 1965. '64 there was another young man. i was there by myself for two years in savannah. nobody bothered me. i hear people say these things about their tolerance. there are identifying who is what a lot more. the -- i kind of like the idea that when you started, here you and i, neither one of us is caucasian. nobody is pointing it out. we pointed it out and said you are indian dissent. i don't know
[laughter] >> you spend lot of time following the stuff. >> only president obama who had a father -- it was an extraordinary openness actually. >> you know, i think we talk about it a lot. you know, i liked it when i was a kid. you didn't talk about it a lot. you lived your life. that to me -- we talk a lot about this person is that, this person is this. and then we pretended -- we i liked it when people didn't care. you -- i was catholic. you talk about a minority within a...